daerontrading

Nifty Trade Setup for 19.08.22 with intraday levels

NSE:NIFTY   Nifty 50 Index
Nifty got rejected from yesterday's high and that is one thing I am concerned about. Nifty is some what being pushed by banknifty but core stocks need to perform for 18000. Long built up is happening in stocks outside nifty and that is why index is not moving that much as expected. It would be difficult to touch 18000 if international markets stay sideways to bearish.

Conviction bullish
Bias Neutral (just coz 18000 seems to be tough nut to crack)

Trading Ideas

Long above 17965 Target 18000+
Short below 17917 Target 17800-700

>>Option buying

Long Position: Buy 18000 CE
Short position: Buy 17700 PE

>>Option Selling

Sell 17700 PE AND 18200 CE with SL of 25 points

-------------------------------------------

Standard Disclaimer

Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.

The information presented in this educational material is not intended to be

used as the sole basis of any investment decisions, nor should it be construed

as advice designed to meet the investment needs of any particular investor.

Nothing in this course constitutes legal, accounting or tax advice, or

individually tailored investment advice.

WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.

WE ARE NOT SEBI REGISTERED.

*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*

No tips
No advice
No recommendation
No PMS advisory

This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel

All rights are reserved

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.